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3012 N Laramie Avenue Chicago, IL 60641

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For Sale
$775,000

Mixed-use property featuring retail spaces and residential units in Chicago.

Added:
Apr 29, 2025
Days on Market:
361
Last Refresh:
Mar 16 at 9:08 am

Property Features for 3012 N Laramie Avenue

General Information

Standard status
Active

Building Details

Year Built
1930

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Listing Contact
ANGELO LABRIOLA
ANGELO LABRIOLA

Listing agent ANGELO LABRIOLA License #475130926

Listing office SPERRY VAN NESS

Listing date Apr 29, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SPERRY VAN NESS


Overview

Mixed-Use Building with Retail and Apartments

This mixed-use building comprises a total of 5 units, featuring two retail spaces on the ground floor and 3 residential units on the upper levels. The retail units, currently occupied by a single bakery tenant since 1986, can be separated. Zoned B1-1, the retail spaces include black iron, a partial basement, and ample storage, benefiting from high foot traffic suitable for retail businesses. The property also features 3 residential units above the retail space, each containing 2 bedrooms and 1 bathroom. At the rear of the property, there are 3 parking spaces, including 1 garage spot and two pad parking spaces. All leases are month-to-month and below market rate, presenting a value-add opportunity for investors or owner-users to enhance their portfolio with a cash-flowing property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Laramie Bakery & Deli Food Market El Porvenir Bakery ... Bakery Panaderia Pan-Chito Bakery

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7569
Latitude
41.9355

FAQs

What type of property is this?
Mixed-use property - Mixed-use property featuring retail spaces and residential units in Chicago.
Where is this mixed-use property located?
The property is located at 3012 N Laramie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Mixed‑use building offers diverse income streams with 2 retail spaces and 3 residential units.; Value‑add opportunity with month‑to‑month leases currently below market rate.; High foot traffic in a B1‑1 zoned area, ideal for retail businesses.
More about this property
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